Shardul Amarchand Mangaldas, Khaitan, Trilegal act on JNK India IPO

May 24, 2024
The initial public offering of JNK is valued at ₹ 6,494.74 crore.

JNK India Limited made a initial public offering comprising a fresh issue of its equity shares aggregating to ₹6,494.74 crore.

The equity shares of JNK India listed at a premium of over 50%.

Shardul Amarchand Mangaldas & Co advised JNK India on this IPO.

The transaction team consisted of Prashant Gupta (Partner, NP Head – Capital Markets), Sayantan Dutta (Partner), Sanjeev Chowdhary (Senior Associate), Rakshita Poddar (Associate), Debolina Mitra (Associate) and Jayant Saxena (Associate).

Trilegal represented the book-running lead managers, IIFL Securities and ICICI Securities.

The transaction was led by Capital Markets Partners Bhakta Patnaik and Albin Thomas, and the team comprised Senior Associate Bhargavi Mahajan; and Associates Jahanvi Jain, Janhavi Shah, Akanksha Goel, and Shambhavi Sharma.

Khaitan & Co acted as counsel to the Selling Shareholders, namely, Goutam Rampelli, JNK Global Co. Ltd, South Korea, Mascot Capital and Marketing Private Limited, and Milind Joshi, on this IPO.

The core team consisted of Oishik Bagchi (Partner), and Ayushi Saumya (Associate).

The IPO was subscribed over 27.22 times overall and the qualified institutional buyers component was subscribed over 75.72 times and the non-institutional buyers component was subscribed over 23.26 times.

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